The natural gas market in the Eastern Mediterranean needs to developed, Royal Dutch Shell’s CFO Simon Henry said, according to Natural Gas Europe. Yesterday, we noted that Shell announced plans to cut its investment plan in Egypt by USD 100 mn. While not sounding too optimistic about Egypt, Henry says “the politics surrounding the ‘major gas reserves’ in the eastern Mediterranean, such as Cyprus and Israel as well as Egypt, had to be dealt with before gas could flow into its idle Idku liquefaction plant — part of the BG legacy — in Egypt: ‘The most logical solution would be to take gas to the empty LNG plant from there, but it is too early to say what the solution might be’.”